PPP Loan information for Modern forge companies, llc

$8,763,642

Modern forge companies, llc was initially approved for PPP Loan of amount $8,763,642, the current approved amount is $8,763,642. The loan was approved on 04/06/2020 by The Wintrust Bank, National Association reported 500 jobs and $8,763,642 was used to fund payroll.

Modern forge companies, llc is Existing or more than 2 years old

PPP Loan Search / IL / BLUE ISLAND / Modern forge companies, llc

MODERN FORGE COMPANIES, LLC

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MODERN FORGE COMPANIES, LLC

Borrower Address

13810 WESTERN AVE.

Borrower City

BLUE ISLAND

Borrower State

IL

Borrower Zip

60406-3229

Loan Status Date

08/13/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

8763642.00

Current Approval Amount

8763642.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119179

Servicing Lender Name

Wintrust Bank, National Association

Servicing Lender Address

231 S LaSalle St, 13th Fl

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60604-1471

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BLUE ISLAND

Project County Name

COOK

Project State

IL

Project Zip

60406-3229

CD

IL-01

Jobs Reported

500

NAICS Code

332111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

400000.00

Payroll Proceed

7500000.00

Mortgage Interest Proceed

300000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

563642.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

119179

Originating Lender

Wintrust Bank, National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

8962771.42

Forgiveness Date

07/15/2022

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